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Tung Lok Restaurants (2000) Ltd ( (SG:540) ) has shared an update.
Tung Lok Restaurants (2000) Ltd has announced that its indirect 50%-owned joint venture, Camo Cafe & Bar Pte. Ltd., has been struck off the Register of Companies in Singapore with effect from 6 February 2026, following the cessation of the outlet’s operations in April 2024 and its subsequent dormancy. The winding down of this casual dining joint venture with SAFRA National Service Association, and the termination of their joint management agreement, is not expected to have any material impact on Tung Lok’s net tangible assets or earnings per share for the financial year ending 31 March 2026, indicating limited financial or operational consequences for shareholders and the Group’s overall business outlook.
More about Tung Lok Restaurants (2000) Ltd
Tung Lok Restaurants (2000) Ltd, incorporated in Singapore, operates in the food and beverage industry through a portfolio of restaurant brands. The Group focuses on casual and full-service dining concepts in the Singapore market, offering a range of cuisine formats through wholly owned entities and joint ventures.
Average Trading Volume: 17,842
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$20.85M
See more data about 540 stock on TipRanks’ Stock Analysis page.